All Longs, No Shorts at the Casino

 Today was a dramatic step in the economic world. Surprise, the casino called a stock market rallied another 380 or so points as a result of no one being able to short stock. It certainly could not have been a rally celebrating the taxpayer bailout of mortgages that have no FMV in the real world or a new guarantee for trillions of money market funds. God bless America and the Federal Reserve Bank for creating yet another multi-trillion contingent liability for the future during the first day of this new blog.